London landlord Capital & Counties has spent another £60 million snapping up properties in Covent Garden as its transformation of the area gathers pace, the firm said today.

The company — which has welcomed tenants such as Apple as well as fashionable restaurants and retailers such as Chanel, Jo Malone, Jamie’s Union Jacks and Brasserie Blanc — has spent more than £60 million on acquisitions in Covent Garden since July. After bolstering its war chest with a £149 million share placing in September, it has splashed out on more properties in Wellington Street, Henrietta Street and Floral Street.

Capco said it is now confident of generating up to £65 million a year in rents.